FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Sees Large Increase in Short Interest

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 208,693 shares, a growth of 121.2% from the August 31st total of 94,325 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 513,878 shares, the short-interest ratio is currently 0.4 days.

FT Vest SMID Rising Dividend Achievers Target Income ETF Price Performance

Shares of BATS:SDVD opened at $21.96 on Monday. The business’s 50 day moving average is $23.10 and its 200 day moving average is $22.72. The stock has a market cap of $540.22 million, a P/E ratio of 14.54 and a beta of 1.09. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 52-week low of $20.55 and a 52-week high of $24.06.

Hedge Funds Weigh In On FT Vest SMID Rising Dividend Achievers Target Income ETF

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 38.8% in the first quarter. Cetera Investment Advisers now owns 701,260 shares of the company’s stock valued at $15,217,000 after acquiring an additional 195,971 shares in the last quarter. Stephens Inc. AR grew its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 1.7% during the 1st quarter. Stephens Inc. AR now owns 660,624 shares of the company’s stock worth $14,336,000 after acquiring an additional 11,265 shares in the last quarter. Wealthspire Retirement LLC bought a new position in FT Vest SMID Rising Dividend Achievers Target Income ETF during the 1st quarter worth about $13,996,000. Royal Bank of Canada increased its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 22.8% during the 1st quarter. Royal Bank of Canada now owns 593,903 shares of the company’s stock valued at $12,887,000 after purchasing an additional 110,103 shares during the period. Finally, Luken Investment Analytics LLC purchased a new position in FT Vest SMID Rising Dividend Achievers Target Income ETF during the 2nd quarter valued at about $12,690,000.

About FT Vest SMID Rising Dividend Achievers Target Income ETF

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.